CJ CGV Signs 30 Billion KRW Capital Supplement Agreement with Subsidiary CJ POD Flex

[Asia Economy Reporter Park Jihwan] CJ CGV announced on the 25th that it has decided to enter into a fund supplementation agreement with its major shareholders The Highest 19th and A1 Editor (hereinafter referred to as the major shareholders) in relation to the new capital borrowing of its subsidiary CJ PODIFLEX.

In the event of a shortage in the principal and interest payment amount of CJ PODIFLEX, the shortage will be supplemented in the form of a loan to the major shareholders.

The agreed amount is approximately 30 billion KRW, and the agreement period is 3 years or until CJ PODIFLEX repays the borrowed funds.